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DAKOTA STAR FEDERAL CREDIT UNION

Dec, 31, 2022 — DAKOTA STAR FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 2 branch locations and about $37.60 million in total assets. Opened 71 years ago in 1952, DAKOTA STAR FEDERAL CREDIT UNION has about 2,432 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DAKOTA STAR FEDERAL CREDIT UNION
Address:
(Main Office)
3122 W SAINT LOUIS ST
RAPID CITY, SD 57702-2354
Phone:(605) 342-6442
Fax:(605) 342-3301
Website:https://www.dakotastar.org
Branches:2 branch locations
Members:2,432
Credit Union Type:Federal Credit Union
Charter Number:8039
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1952
Last Audited:Apr 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$37,599,210
CEO/Manager:KELLI WOLD
Chairperson:ROBIN CLARKE

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 598,230
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,875,630
 Unsecured Loans 888,280
 Other Loans 15,811,353
 TOTAL LOANS 21,575,263
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -60,301
 Land And Building 2,037,433
 Other Fixed Assets 165,767
 NCUSIF Deposit 287,389
 All Other Assets 0
  TOTAL ASSETS 37,599,210
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 94,907
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,170,538
 Regular shares 10,250,142
 All Other Shares & Deposits 15,184,686
  TOTAL SHARES & DEPOSITS 34,605,366
  TOTAL LIABILITIES 34,700,273
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,898,937
  TOTAL EQUITY 2,898,937
  TOTAL LIABILITIES, SHARES, & EQUITY 37,599,210
INCOME & EXPENSE  
 Loan Income 658,565
 Investment Income 102,830
 Other Income 179,689
 Total Employee Compensation & Benefits 447,735
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 466,552
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 31,950
 Cost of Funds 27,428
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 78,768
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